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20th Mar 2023 17:43China+, Daily Monitor

  • China’s credit growth in January/February was led by borrowing by policy-sensitive sectors.
  • Initial signs of property sector improvement hint at a gradually broadening recovery.
  • The RRR cut is likely meant to keep credit growth ticking over, rather than to bring down rates.

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Keywords for: 21 Mar 2023 China+ Monitor

borrowing, credit, credit growth, growth, rrr, rrr cut, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence